The Senate’s Public Accounts Committee has imposed a deadline of 10 days on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, requiring him to address 11 significant financial inquiries concerning inconsistencies in the company’s audited financial reports. The Senate cautioned that non-compliance with this demand could lead to […]
The World Bank has raised worries over the Nigerian National Petroleum Company Limited’s (NNPCL) ”absence of straightforwardness and conflicting monetary detailing,” which it claims has blocked precise oversight of oil income circulation to Nigeria’s federation account. These discoveries were framed in the bank’s Accelerating Resource Mobilisation Reforms (ARMOR) Report, delivered on May 17, 2024. The […]